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Tilak Ventures Limited Rights Issue (Tilak Ventures Rights Issue) Detail

Feb 28, 2022 - Mar 15, 2022
Tilak Ventures Limited Logo

Tilak Ventures Ltd is a finance company to advance money to individuals, firms, or corporate body, and to receive money on deposits, or loans to carry business as financiers. Thus, the company is mainly into the business of financing, investment, and trading into shares, commodities, and bullion. Currently the Company is majorly into financing, investment and trading into shares, commodities, and bullion. It operates in two business segments; Finance and Commodities Activities.

Tilak Ventures Rights Issue Detail

Issue Open Feb 28, 2022 - Mar 15, 2022
Security Name Tilak Ventures Limited
Issue Size (Shares) 96,360,000
Issue Size (Amount) ₹48.18 Crores
Issue Price ₹5 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment 50% of the Issue Price i.e. Rs. 2.50/- per Rights Equity Share shall be payable at the time of application and the balance of 50% of the Issue Price i.e. Rs. 2.50/- per Rights Equity Share shall be payable in one or more subsequent calls as determined by the Board from time to time.
Entitlement 3 right shares for every 4 fully equity shares held on the record date

Tilak Ventures Rights Issue Issue Timetable

Record Date Feb 18, 2022
Credit of Rights Entitlements Feb 25, 2022
Bid/Offer Opens On Feb 28, 2022
Renunciation of Rights Entitlements Mar 8, 2022
Bid/Offer Closes On Mar 15, 2022
Deemed Date of Allotment Mar 28, 2022
Credit Date Mar 29, 2022
Listing Date Apr 5, 2022

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs.in Millions)
  30-Sep-21 31-Mar-21
Total Assets 286.33 278.87
Total Income 2.73 51.13
Profit After Tax 2.15 13.65

Objects of the Issue:

The right issue proceeds will be utilized towards the following objectives;

  • Meet working capital requirements.
  • To meet issue related expenses.
  • General corporate purposes.

Tilak Ventures Rights Issue Documents

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Tilak Ventures Rights Issue Reviews

Company Contact Information

Tilak Ventures Limited
E-109, Crystal Plaza, New Link Road,
Opposite Infinity Mall, Andheri (West),
Mumbai – 400053

Phone: +91-915209641/42
Email: tilakfin@gmail.com
Website: https://tilakfinance.wordpress.com/

Tilak Ventures Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: tilakventures.rights@linkintime.co.in
    Website: https://linkintime.co.in/

Tilak Ventures Rights Issue Lead Manager(s)

Tilak Ventures Rights Issue FAQs

The Tilak Ventures Rights Issue opens on Feb 28, 2022, and closes on Mar 15, 2022.

Tilak Ventures Rights Issue Schedule

Last Date for credit of Rights EntitlementsFeb 25, 2022
Last Date for renunciation of Rights EntitlementsMar 8, 2022
Issue Opening DateFeb 28, 2022
Issue Closing DateMar 15, 2022
Date of Allotment (on or about)Mar 28, 2022
Date of Credit (on or about)Mar 29, 2022
Date of Listing (on or about)Apr 5, 2022

Tilak Ventures Rights Issue price is set at ₹5 per share per equity share.

The eligible shareholders are being offered 3 right shares for every 4 fully equity shares held on the record date (Feb 18, 2022).

The record date for the Tilak Ventures Rights Issue is Feb 18, 2022.

The issue size of Tilak Ventures Rights Issue is of 96,360,000 equity shares at ₹5 per share aggregating upto ₹48.18 Crores.

The Letter of Offer for Tilak Ventures Rights Issue can be download here.

You can apply for Tilak Ventures Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Tilak Ventures Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Tilak Ventures Rights Issue available on the list.
  4. Click the Apply button next to the Tilak Ventures Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Tilak Ventures Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Tilak Ventures Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

5 Comments

5. Kalpit     Link|Apr 20, 2022 7:52:35 PM
Listing date of partly paid right issue shares is not yet known.
4. Beant singh     Link|Apr 19, 2022 4:34:18 PM
My share is lapse
3. Bharatbhai parmar     Link|Apr 17, 2022 9:22:48 AM
2nd payment kab karna hai?
2. Sunil Kumar chhipa     Link|Mar 9, 2022 9:56:08 AM
My share is laps how my money back
2.1. Kvvsatish     Link|Apr 6, 2022 12:04:19 PM
My shares are lapsed.my amount not returned.why
1. Aman     Link|Mar 28, 2022 6:58:44 PM
Right ki allotment kab aayegi